Maurice R. Greenberg

Chip East/Pool via Bloomberg News

News about Maurice R. Greenberg, including commentary and archival articles published in The New York Times.

Chronology of Coverage

Jun. 17, 2015

Starr International, through which Maurice R Greenberg continues to hold stake in American International Group, will appeal judge's decision not to award monetary damages in its suit against the federal government; judge had concluded that while Federal Reserve overstepped its bounds during bailout of AGI, no damages were appropriate, given that shareholders were in fact saved from bankruptcy. MORE

Jun. 16, 2015

Split decision handed down by Judge Thomas C Wheeler in federal case filed by former American International Group chief executive Maurice R Greenberg against Federal Reserve over its 2008 bailout of AIG agrees with both sides; experts say decision is vindication of Greenberg's assertion that Fed overreached, yet fact that Greenberg received none of monetary compensation he sought suggests that ultimately he lost. MORE

May. 1, 2015

James B Stewart Common Sense column profiles Maurice R Greenberg, 90-year old financier who built AIG into a global insurance colossus before being forced to resign in 2005; observes Greenberg is set to take stand in decade-old civil fraud case that was filed against him, and is also driving force behind case against federal government alleging it unconstitutionally seized AIG's assets during financial crisis. MORE

Apr. 23, 2015

Trial in former American International Group chief executive Maurice R Greenberg's $40 billion suit against government ends in stalemate with Greenberg's lawyer and Justice Dept offering up starkly different interpretations of 2008 bailout of AIG; analysts say case is too close to call and rests on Judge Thomas Wheeler's decision, even though Greenberg was widely mocked for bringing suit at outset. MORE

Apr. 22, 2015

David Boies, lawyer representing Maurice Greenberg in lawsuit challenging the government's 2008 bailout of American International Group, is credited with turning around case that many experts initially regarded as hopeless; Boies's achievement is considered impressive whether or not case is decided in Greenberg's favor this summer. MORE

Dec. 21, 2014

Gretchen Morgenson Fair Game column examines suit brought by former American International Group chief executive Maurice R Greenberg on behalf of Starr International, large stockholder seeking compensation for losses following federal bailout; notes suit argues that bailout constituted an improper seizure of private property under the Fifth Amendment, especially in light of government's refusal to put certain terms to shareholder vote; holds documents unearthed during trial cast fresh doubts on government's actions. MORE

Oct. 24, 2014

Editorial underscores folly of suit by Maurice Greenberg, former American International Group chief executive, against the United States for government's treatment of AIG in its bailout; points out Greenberg's assertion that his company was victimized obscures fact that the undisputed and largely uncompensated victim of how the bailouts were executed is the American public. MORE

Oct. 20, 2014

Steven Rattner Op-Ed article criticizes meritless litigation brought against government entities like that of Maurice R Greenberg, former chief executive of American International Group, over terms of its 2008 financial bailout; contends government is on a strong legal and moral ground to deny these opportunists the undeserved windfall they are after. MORE

Sep. 29, 2014

Sep. 28, 2014

Gretchen Morgenson Fair Game column examines case brought by Starr International, insurer headed by former American International Group chief executive Maurice R Greenberg, contending government's bailout of AIG amounted to an unconstitutional seizure of private property under the Fifth Amendment; argues that government has worked hard to keep full picture of deal from emerging in public view, and that any transparency achieved by Starr International case will be welcome. MORE

Sep. 23, 2014

Maurice R. Greenberg, the former chief of A.I.G., has now raised several million dollars from three Wall Street investors to help cover the cost of the case. MORE

Jul. 29, 2013

The Federal Reserve chairman, who was one of the central decision makers in the 2008 bailout of the American International Group, may have to revisit those tumultuous days because of Maurice Greenberg’s lawsuit against the government. MORE

May. 21, 2013

Michael Powell Gotham column asserts that Maurice R Greenberg, former CEO of American International Group, continues to go to great lengths to avoid acknowledging personal responsibility for the disaster that befell AIG and its shareholders. MORE

Apr. 25, 2013

The New York attorney general’s office is taking an unusual step to try to help expedite a trial of the American International Group’s former chief, Maurice R. Greenberg. MORE

Jan. 9, 2013

Editorial urges board of American International Group to vote against joining misguided lawsuit against federal government, initiated by former top executive Maurice Greenberg, which argues that government put onerous terms on its bailout; contends AIG should be praising, not suing, government. MORE

Nov. 20, 2012

United States District Court Judge Paul Engelmayer dismisses $25 billion lawsuit filed against Federal Reserve Bank of New York by Maurice Greenberg, former chief executive of American International Group; Greenberg accused bank of unlawfully bailing out the insurer during the 2008 financial crisis. MORE

Nov. 22, 2011

Maurice R Greenberg, the former chief of American International Group, sues the Treasury Department and the Federal Reserve Bank of New York, contending that the takeover of the insurer in the fall of 2008 was improper and that the Fed breached its duty to AIG shareholders. MORE

Once the world's dominant insurance company, American International Group has been diminished by disastrous bets on mortgage-backed securities to its current incarnation, one totally dependent on the Treasury and the Federal Reserve for survival.